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Crypto Derivatives Exchange: FTX Logo

Overall Rating: 90 / 100
Trade Volume Ranking: 4 (Derivatives)
Type: Futures, Leveraged tokens, OTC trading
Founded: May 2019
Headquaters: San Francisco, California, United States
Official Site: Visit FTX Exchange
Co-Founders: Sam Bankman-Fried (LinkedIn) & Gary Wang (LinkedIn)
Investors: Proof of Capital, Binance
Info: Blog
Advantages: ♦ Team members come from leading Wall Street quant firms and tech companies

♦ Offers industry-first derivatives, options, volatility products and leveraged tokens

♦ Built for professional trading firms and intuitive enough for first-time users.

♦ significantly reduce the likelihood of clawbacks ever occurring by using a three-tiered liquidation model

♦ Backed by Alameda Research, a ~$100 million AUM quantitative cryptocurrency trading firm

Partnered with TUSD and USDC

♦ Support 14 languages

— History —

In May 2019, FTX was launched by Garry Wang and Sam Bankman-Fried as a cryptocurrency trading company in Hong Kong.

In August 2019, FTX launched Altcoin’s index futures.

In December 2019, Binance bought shares of FTX. However, funding from Binance to FTX was not disclosed.

On January 13, 2020, FTX introduced Bitcoin listing options priced in USD.

In March 2020, the company announced it had sold the highest number of FTX tokens (FTT) totaling about 15 million.

In April 2020, FTX launched oil futures that expire every month.

In May 2020, FTX-US was launched. It has paired currencies such as Litecoin, Bitcoin, Bitcoin Cash, Gold, Paxos, USD Tether, and Ethereum.

On May 23, 2020, FTX chose Coinbase Custody to retail and insure FTT, FTX token.

On May 23, 2020, the company held its first podcast in which they hosted Ivan Martinez to discuss ETH 2.0.

On May 24, 2020, the company launched perpetual contracts that are backed by 8 China-based cryptos.

On May 29, 2020, FTX Brazil was launched.

On July 25, 2020, the company launched online cryptocurrency classes in Kenya aimed at educating customers in the country and Africa about cryptocurrency and digital currency trading.

On July 28, 2020, the company launched its decentralized crypto exchange powered by the Solona blockchain.

On July 30, 2020, a new Deposit Acceleration Program was launched on the FTX platform by Fireblocks.

On July 27, 2020, a scalable DEX was introduced on the platform.

In July 2020, the company launched Serum, its DeFi-driven trading for derivatives.

On August 14, 2020, FTX was listed among the top-performing in the listing of DeFi tokens.

On August 24, 2020, the company bowed to its customers’ demands and introduced them to Uniswap Index Futures.

On August 26, 2020, FTX acquired Blockfolio. This is a platform that allows traders to monitor their portfolio in real-time for them to make informed and timely trading decisions. The company paid $150 million to acquire the portfolio tracker app.

On August 26, 2020, Haasbot Crypto trading bots announced it had integrated FTX on its platform.

On Nov 1, 2020, FTX listed the following tokenized stocks: TSLA (Tesla), AAPL (Apple), AMZN (Amazon), FB (Facebook), NFLX (Netflix), GOOGL (Alphabet). Users passing KYC Level 2 can trade tokenized stocks on FTX.

On Nov 20, 2020, FTX listed the following tokenized stocks: Square (SQ), PayPal (PYPL), MicroStrategy (MSTR), Moderna (MRNA), Zoom (ZM), Nio (NIO), Twitter (TWTR), Uber (UBER), and NVIDIA (NVDA).

On Nov 24, 2020, FTT staking was live. Users who stake FTT tokens can enjoy: Referral Rate % Bonus, Maker Rebates, Additional Voting Power, Airdrop Rewards.

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